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that there won't be any deal. president obama with the business roundtable. >> any formula that says we can't increase tax rates probably only yields about $300 to $400 billion realistically. that's well short of the amount of revenue that's needed for a balanced package. >> bill: just won't cut it. the president said. he also appeared yesterday morning on tom joyner's radio show. and said if you want a deal, if you want a compromise, there's only one way to get there and that's the one thing missing if republicans will agree that tax rates will not -- will not -- the tax cuts will not continue for the top 2%. he said we've got a deal. >> obama: i think once republicans agree to let the tax rates go up on the top 2%, like i talked about during the campaign like the majority of americans agree to, once we do that, and i think we can get a deal. >> bill: and at the briefing yesterday, jay carney made the same point saying that there was no way -- he said it one more time. in fact, i tweeted out yesterday while i was at the
for everybody. in the current news center. >> good morning, everybody! president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want part
was speaking up, speaking up, speaking up. at that point in protest against president obama's 2010 proposed tax deals compromise with the congressional republicans. technically, it wasn't an actual filibuster because he wasn't preventing republicans from speaking and doing business. he did go on for 8 hours and 37 minutes. no words on whether he used the sauna to dehydrate himself. i remember bernie sanders doing this and my twitter feed going nuts with enthusiasm after two years of saying we should get rid of the filibuster. then it was like go bernie, go bernie, go. i thought, we like it when it's our guy doing it. >> that's where we get the distinction. when i say filibuster, i'm knot talking about holding the floor. that's great. he had eight hours to get his point across. now the filibuster is i'm going to send an e-mail to mr. mcconnell, it's going to take 60 now. then you don't have that debate. you block it at the outset. we don't have that discussion. >> so it's changed. >> is that the reform that matters? i want to point out, there was another time when progressives got excited. that
and put businesses in a further hole. president barack obama, august, 2009. he was absolutely right then. those facts hold true today. it's not just those facts hold true over a small period of time, mr. speaker. those facts hold true over a decade. john kennedy's quotes, president john f. kennedy, i just want to take you back, mr. speaker, it's not as if these are new ideas we are talking about. this isn't some rocket science problem that's suddenly been thrust upon the united states of america in 2012. these are basic economics. adam smith talked about these years ago. this is in one of john f. kennedy's news conference in 1962 as he was providing the largest tax cut in modern american history he said this, he said it's a paradoxical truth that tax rates are too high and tax revenues are too low. that's where we are today, mr. speaker. tax rates are too high and tax revenues are too low. it's a paradoxical truth that can be true. he goes on. he says the soundest way to raise revenues, that's exactly what we are trying to do when we talk about balanced approach. we need to cut spending.
it would hurt my business. it is a leap. it is very bold and it would be a little bit of a transition period but president obama could have done it. i agree with congressman, it will be nice if people would talk about it, but with they're not even talk being entitlement reform. so they're not going to talk about taxes. >> brian: we're talk being you on "the five." i would not be surprised if some of those topics worked its way into the format. >> we missed you on "the five." we liked it when you were there to steer the conversation. >> brian: really? >> you're a very good leader. >> brian: thank you. you are a liar! >> steve: we'll be watching today. >> thanks. >> gretchen: coming up, leaks from inside the white house claim president obama is willing to take the nation over the fiscal cliff if he doesn't get his way with raising taxes on the rich. where does that leave republicans now with our entire economy potentially on the line? senator orrin hatch, known for reaching across the aisle joins us next. >> brian: then this brave auto zone employee saved his boss' life, taking down a v
the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible. it was deeply irresponsible in the summer of 2011 and it would be deeply irresponsible if we were to see that kind of approach taken again. >> today the president is going to take his case to the people of pennsylvania during a visit to hatfield and a road on group. it's the sole manufacturer of knex, which makes angry birds building sets. back to you. >> steve: all right. thank you very much. >> brian: it's unbelievable. the "washington post" says the offer la
their own small businesses and their own small farms or ranches. the very least, we should extend the current limits worked out in the 2010 compromise. president obama should not be holding up that commonsense solution just so that he can satisfy his left-base agenda for unrealistically insisting on raising tax rates. the other tax increase that is set to hit american families very hard very soon is the alternative minimum tax. you recall, mr. president, that that a.m.t. tax was created in 1969, and they did that when someone discovered that there were 155 people all across the country, only 155 people who actually had made a lot of money but they didn't pay any taxes on it. and we know why. it was because of various tax loopholes. congress could have done something to close those loopholes, but instead congress created a whole separate tax scheme. then to make matters worse, didn't index the income limits for inflation. so congress comes along every year and acts a patch to keep the tax from hitting the middle class. the problem is it still has done nothing to patch the a.m.t. fo
Search Results 0 to 6 of about 7